EURUSD test for 0,98000 level

19 oct. 2022

Yesterday, the euro stopped at the 0.98700 level, after which it began to retreat. Now we are following the 0.98000 level because here, we could have some support that could once again give a new bullish impulse. If the euro does not have the strength for such a thing, we will see a break below 0.98000 and a continuation of the decline until the next lower support. Potential lower targets are 0.97500 and 0.97000 levels. For a bullish option, we need a new positive consolidation and a return to the 0.98500-0.98750 zone. Going over it would be of great help to us as well as staying in that zone. After that, the euro could continue its recovery with a new bullish impulse. Potential higher targets are 0.99000, 0.99500, and 1.00000 October high.

21 oct. 2022

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